Bank of America Corporation has notified Drax Group PLC that it has acquired voting rights and financial instruments in the company. The acquisition took place on September 1, 2023, and the notification was made on September 4, 2023. The total positions of Bank of America Corporation in Drax Group PLC are as follows: 3.037734% of voting rights attached to shares, 5.794356% of voting rights through financial instruments, and a total of 8.832090% of voting rights. Bank of America Corporation holds a total of 34,209,946 voting rights in Drax Group PLC.
The details of the resulting situation on the date the threshold was crossed or reached are as follows: Bank of America Corporation holds 11,766,263 direct voting rights, which represents 3.037734% of the total voting rights. In addition, Bank of America Corporation holds financial instruments that may acquire 524,075 voting rights if exercised, representing 0.135302% of the total voting rights. Bank of America Corporation also holds financial instruments with similar economic effect that represent 21,919,608 voting rights, or 5.659054% of the total voting rights.
Bank of America Corporation is the ultimate controlling person, and it holds the voting rights and financial instruments through its controlled undertakings, including Bank of America, NA, BofA Securities Europe, SA, Managed Account Advisors, LLC, and Merrill Lynch International. The total voting rights held by Bank of America Corporation and its controlled undertakings equal or exceed the notifiable threshold.
No information is provided regarding proxy voting. The completion date of the notification is September 4, 2023.